Unigel Mexico restarts ACN plant as market improves

03 January 2014 23:05 Source:ICIS News

HOUSTON (ICIS)--Unigel Mexico has restarted its acrylonitrile (ACN) plant as market conditions have improved, a company source said on Friday.

The 60,000 tonne/year (ACN) unit started up around 10 December and is now running at full rates, the source said.

The plant was idled in November because of propylene issues, another source had said. Once resolved, production remained suspended because of market conditions.

ACN demand remains soft, although one producer said it is picking up a little as buyers start building up their inventories again.

Currently, ACN spot prices are assessed at 77.11-81.65 cents/lb ($1,700-1,800/tonne, €1,241-1,314/tonne) on a reported deal and spot market prices overseas.

The plant is at the Morelos Petrochemical Complex in Veracruz, Mexico, and is a joint effort between Unigel and Pemex Petroquimica.

 ($1 = €0.73)

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By Tracy Dang